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Tag: Constitutional Reform

The Mexico Institute’s “Weekly News Summary,” released every Friday afternoon summarizes the week’s most prominent Mexico headlines published in the English-language press, as well as the most engaging opinion pieces by Mexican columnists.

What the English-language press had to say…

This week, energy reform was in the core of the debate. President Enrique Peña Nieto was expected to present his energy reform proposal. However, that did not occur. Early this week, Los Angeles Times, referred to PEMEX as Mexico’s a crown jewelpointing out thatas Peña Nieto moves ahead with a plan to overhaul the company, he is navigating the most perilous political minefield of his young presidency. At the same time, he is toying with taboos and challenging revered perceptions surrounding the nation’s top revenue earner. For The Financial Times, the clock is ticking and the countdown has begun for one of the most eagerly-awaited policy decisions that President Peña Nieto will make during his term. Continue reading “Energy Reform Proposal in Mexico…not until next week. – Weekly News Summary: August 9”→

Can Peña Nieto get enough legislators to modify the Constitution and avoid social protests?

The reality is that pushing through energy reform is going to be easier said than done. The countdown begins for one of the most eagerly-awaited policy decisions that Mexican President Enrique Peña Nieto will make, one which may very well define his six-year presidency and shape Mexico’s economic future: his proposal to reform Mexico’s strongly-protected energy sector.

Many experts believe that Pemex could not develop Mexico’s oil and gas riches alone. Deep-water oil fields, as well as shale oil and gas deposits require new technologies and large investments that the state-owned monopoly doesn’t have.

Pena Nieto will propose production-sharing contracts for oil exploration and output, according to the people, who asked not to be named because the bill will be officially presented by tomorrow. The proposal will seek to change articles 25, 27 and 28 of the constitution, and tenders for the most part would be managed by government regulators, the people said yesterday.

The proposal would be the second in the last week to call for opening oilfields to private companies, after the opposition National Action Party, or PAN, on July 31 presented its own bill. Pena Nieto’s proposal, like the PAN’s, won’t limit foreign ownership of crude projects and would allow competition for electricity sales against CFE, according to one of the two people familiar with it.